MSFT Closes at $407.78, Wipes $124B Despite Q3 Beat; Analysts Slam Irrational Sell-Off

Microsoft shares closed at $407.78 on April 30, down 3.93% and erasing $124 billion in market value, as investors focused on $190 billion 2026 capex guidance despite fiscal Q3 beats of $82.89 billion revenue (+18% YoY vs. $81.39B est.) and $4.27 EPS (vs. $4.06 est.). Azure grew 40% YoY, Microsoft Cloud hit $54.5 billion (+29%), and AI run rate reached $37 billion (+123% YoY), but Q3 capex surged 49% to $31.9 billion, sparking cash flow concerns after a 2% after-hours dip on April 29. May 1 coverage calls the 5% intraday slide an overreaction and buying opportunity amid strong AI demand.